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Ottawa 61350
2012 Northlake Drive
$25,000
● Land - Off Market

2012 Northlake Drive

OTTAWA, IL 61350
bedrooms
Studio
bathrooms
0 Bath
$54,715
RealtyHop Estimate
118.86%
Since Jun 1, 2011
National-US
Primary Model

About This Property

Lake lot in Phase III, Autumnwood Subdivision, city water and sewer, decorative street lights, curb and gutter. Protective covenants, homeowners association. Buyer needs to plant 2 trees in front yard and install public walk. Agent related.
Unit Size
-
Days on Market
-
Land Size
0.44 acres
Price per sqft
-
Property Type
Land
Property Taxes
$6
HOA Dues
-
Year Built
-

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MRED MLS #06717902)

Price History

Date / Event Date Event Price
May 6, 2011 Sold
Premium
Sold
Oct 29, 2007 Listed by Windsor Realty $25,000
Listed by Windsor Realty

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: AUTUMNWOOD SUB (P-3)
  • Land Acres: 0000000460
  • Standard Land Use Code: 8001
  • County Land Use Code: 0030
  • Legal Description 1: AUTUMNWOOD PHASE III LT 86 SEC 3-33-3

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 962600

Geography

  • District: OT
  • Subdivision Phase Number: 3
  • Parcel: 21-03-208-014
  • Lot: 86
  • Meridian: SEC 03 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3638
  • Longitude: -88.858

    Address

  • Full Address: 2012 Northlake Dr
  • Address - House Number: 2012
  • Address - Street Name: Northlake
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Ottawa
  • Carrier Code: R001
  • 4-Digit Zip Code: 9081
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $109,522
  • Tax Rate Code Area: OT002

    Market Valuation

  • Market Total Value: $30,774
  • Market Land Value: $30,774

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $10,258
  • Assessed Land Value: $10,258

    Sales

  • Current Sale Contract Date: Apr 05, 2023
  • Current Sale Recording Date: Apr 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-03374
  • Previous Sale Recording Date: May 09, 2011
  • Previous Sale Contract Date: May 06, 2011
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: 71

    Last Sale Mortgage

  • First Mortgage Transaction Date:
    Premium
  • First Mortgage Loan Type:
    Premium
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Ottawa

Stats & Trends

Median Asking:

$229,700

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1752 ft²

Average Home Age

50.6 years

Currently For Sale

71 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1952 Columbus Street, Ottawa, IL, 61350

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
1952 Columbus Street, Ottawa, IL, 61350 Listing by Delores Barrera
Unit for rent at 611 Webster Street, Ottawa, IL, 61350

$1,200 /mo

  • 2 Beds
  • 1 Bath
  • 980 ft²
611 Webster Street #B, Ottawa, IL, 61350 Listing by Irina Allison

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Kimberly Eddy, Windsor Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 06717902
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 2012 Northlake Drive built and last sold?
The property at 2012 Northlake Drive was built in and last sold on Apr 5, 2023 for $30,000.
How much is this home worth?
The estimated value of the home located at 2012 Northlake Drive is $0.
What are some comparable homes to 2012 Northlake Drive?
There are currently no comparable homes to 2012 Northlake Drive.
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